Stock exchange, New Year's week with reduced trading. Focus on Fed and macro data
On Monday and Tuesday the stock exchanges will be open, while on Wednesday 31 December and Thursday 1 January most trading will be halted
Markets will trade thinly in the last week of the year with two days of festivities on almost all lists. On Monday and Tuesday the stock exchanges will be regularly open, while on Wednesday 31 December and Thursday 1 January most trading will be halted for the New Year's holiday. On Friday, 2 January, trading will resume regularly with the exception of Tokyo, which will extend its stop for the continuation of the New Year's holiday.
The week will be characterised by few highlights with investors' eyes continuing to focus on what the Fed will do on monetary policy. The bet is that the US central bank will continue with an accommodative stance on the rate front. In this respect, watch out for the minutes to be published on Tuesday on the latest meeting of the institution led by Jerome Powell, which will be interesting to see if there will be additional insights on future moves and/or information on the positions of the various members.
Also overseas, the weekly Adp employment figures will be released on 30 December and the day after (31 December) the unemployment benefit data.
At the stock level, eyes are on the US S&P index, which has been eyeing the 7,000-point mark for days.
In China, also on Wednesday, manufacturing and services PMI data will be released, which are expected to remain in the contractionary range.
